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bankruptcy postbag for july

1st and 2nd charge

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Maz
Junior Member

United Kingdom
239 Posts

Posted - 23 September 2008 : 16:38:52

Hi Julian

If the 1st charge lender won't give permission the 2nd charge lender what will happen to the 2nd charge, can it be included in our BR?

JulianDonnelly
Junior Member

United Kingdom
325 Posts

Posted - 24 September 2008 : 09:49:51

Hi Maz,

If the house is not reposessed, the 2nd charge will remain secured and therefore not included in the BR.

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367

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